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Mixed-Use

22320 119 Avenue, Maple Ridge

22320 119 Ave, Maple Ridge, BC V2X 7W7

Listing Price: $2,200,000

Cap Rate
3.54%
Number of Units
5
Occupancy
100.0%
Price/Unit
$440,000
Price/Gross SF
$378.01
Gross SF
5,820

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 22320 119 Avenue, Maple Ridge, B.C. (the "Subject Property"). The Subject Property is a mixed-use asset in the rapidly evolving and densifying Town Centre area of Maple Ridge. Boasting four residential suites above and a long-term retail tenant on the ground floor, the Subject Property provides prospective purchasers with an opportunity to turn over the in-place, below market rents for significant upside while Maple Ridge town Centre continues to see its surge of growth and densification.

Investment Highlights

  • Fully leased, freehold commercial asset in Greater Vancouver offered at an attractive price point
  • Four 1-bedroom units on second floor and a ground floor retail unit provide scale commonly unseen in this price range
  • Current below-market rents for both the residential and retail units provide opportunity for significant income upside

Exclusively Listed By

Mixed-Use

22320 119 Avenue, Maple Ridge

Listing Price: $2,200,000

Cap Rate
3.54%
Number of Units
5
Occupancy
100.0%
Price/Unit
$440,000
Price/Gross SF
$378.01
Gross SF
5,820

Investment Highlights

  • Fully leased, freehold commercial asset in Greater Vancouver offered at an attractive price point
  • Four 1-bedroom units on second floor and a ground floor retail unit provide scale commonly unseen in this price range
  • Current below-market rents for both the residential and retail units provide opportunity for significant income upside

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 22320 119 Avenue, Maple Ridge, B.C. (the "Subject Property"). The Subject Property is a mixed-use asset in the rapidly evolving and densifying Town Centre area of Maple Ridge. Boasting four residential suites above and a long-term retail tenant on the ground floor, the Subject Property provides prospective purchasers with an opportunity to turn over the in-place, below market rents for significant upside while Maple Ridge town Centre continues to see its surge of growth and densification.

Exclusively Listed By

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